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Bank Crisis Turns Screws on $900B in Commercial Property Debt

Friday, Mar 24 2023
Commercial Lending
Written by  The Mortgage Leader

The recent collapse of Silicon Valley Bank and Signature Bank has raised the pressure on commercial property owners as they face a combined $900 billion in loans coming due through 2024. So reports Bloomberg.

silicon valley bankAccording to a new report from MSCI Real Assets, almost $400 billion in commercial property debt matures this year, with another $500 billion due next year.

Local and regional banks represented the largest source of newly originated debt for landlords last year, at roughly 27% of financing, MSCI Real Assets said.

Read the full article from Bloomberg. 

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